The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-06-06
WOOL REVIEW
For The Week and n Comparison for the
Year-Bsttsr Prices.

Year-Bsttsr Prices.
BrodItna't, June 1. llii4a.
No abatement Of confidence In the fu,
ture OF the wool market appears OF the
West, whore prices average 2iS cents pc,
pound higher than a yesr ago, and on the
aeaboard the tendency Of values at last il
unmlatakably upward. Yet the volume
Of business continues moderate. From
the standpoint Of the wooden and worBted
manufacturers there 10 nothing 10 warrant
an advance In their raw material. Goods
are selling no better and yield no higher
returnB than for three months past. THO
situation la accordingly this: Dear wool OF
the sources Of supply; q dull market for
wool products. 1t Ia admitted
that buyers West arc paying too
much for the staple on tho
basis Of selling prices on the Atlantic
coast. The question now Ia whether the
Eastern markets, In the face Of a quiet
wool industry, are coming up 10 the coun.
try level, or whether wool for which OK.
treme payments have been made at first
ha ads Ia going to be sold for consumption
at . loss. Buyers for Boston, New York
ald Philadelphia houses appear to have
restricted their operations somewhat, and
yet IN the aggregate large purchases, ea.
p,cially Of medium wool, have been made.
Consfgnors to Eastern commission houses
and farmers generally In The Interior are
naming high minimum prices. viii the
manufacturers. In view Of all the forces
which affect the value Of their output, b,
able TO respond2 This Is tho problem to
DO solved during the next few weeks. In
all parts Of the West the now clip Ia
changing hands at laat years prices or
better. Local specuiators are active,
Here and thsre In the South the.mar.
keta are SAB cents higher than O year q.
At St. Louis, however, the earlier excite
ment has subsided, and though quota.
tions are no Understanding at about 81
cents for choice medium-moro discriml.
nation Ia shown in purchases. California
wool Is coming East, largely to manufac-
turers, by wsy Of the iBthmua. Growers
in Montana expect to benefit by the pro.
toction against Pacific coast competition,
which Ia afforded by the advanced freight
rates. An unusual degree OF interest at.
taches to the Ralea OF colonial wool In
London, which are 10 opsn Tuesday.
Heavy supplies will be offered. II the
market proves strong American holders
will DO confirmed in their confidence,
while Il 1t 10 weak manufacturers on this
side will be even less inclined thereafter
than now to oil up their store.houses with
the new American clip at Its enhanced
cost. Tho latest English advices are not
over.encoulaging. sThe Wool and T,tItas
Fabric oil London reported May 81 that
the domestic wool trade wss quiet; de.
mand showed no improvement, spinners
buying only for immediate needs, and val.
ues as a rule iayoring purchaaers, Al
Glasgow, Bradford, and elsewhere trade
Is languid and tho markets are dropping,
The last East India wool snles at Liver.
pool, however, resulted pretty farorably.
At Boston pricea have been marked up
this week through a greater part OF the
list, and q fair amount OF business hgs
been done on tho higher plane. Holders
have shown more frmness, becauae 1t is
evident that their preeent stocks cannot
BIO replaced except ct an advance, and
manufacturers have sccsded to their de.
mands because, as q rule, their supplies
arc short and the material must be had,
In the way Of anticipating future wants
little has been done. All medium woolu
are particularly strong-as much as three
cent? per pound. Very little foreign wool
ia now in the market. Current quotations
are aa follows in comparison with last